Gryphon Digital Surges 24505.86% in Trading Volume Reaching 252nd Position in Daily Rankings

On May 12, 2025, Gryphon Digital (GRYP) experienced a significant surge in trading volume, reaching 5.08 billion, a remarkable 24505.86% increase from the previous day. This surge placed Gryphon at the 252nd position in the daily stock market rankings. The stock price of Gryphon Digital (GRYP) rose by 173.08%, marking its third consecutive day of gains, with a total increase of 273.68% over the past three days.

Gryphon Digital Mining has announced a merger with American Bitcoin, a prominent bitcoin mining company co-founded by Eric Trump. Upon completion, the combined entity will operate under the American Bitcoin brand, with management and the board of directors from American Bitcoin leading the way. This strategic move is anticipated to close by the third quarter of 2025, resulting in Gryphon shareholders holding approximately 2% of the merged entity, while the remaining 98% will be owned by American Bitcoin.

This merger is expected to significantly impact Gryphon's future trajectory, as it aligns the company with a well-established player in the bitcoin mining industry. The deal not only provides Gryphon with access to American Bitcoin's extensive resources and expertise but also positions it to benefit from the growing demand for cryptocurrency mining services. The merger is a strategic move that could potentially drive long-term growth and stability for Gryphon, making it an attractive option for investors looking to capitalize on the cryptocurrency market's potential.